CIT Bank

Summary

In 2000 was created CIT Bank, which is appeared as Corporate Investor. The leading representative office of defined Corporate Investor is situated in the Salt Lake City. The fund was located in North America if to be more exact in United States.

The high activity for fund was in 2016. This CIT Bank works on 4 percentage points more the average amount of lead investments comparing to the other organizations. The usual things for fund are deals in the range of more than 100 millions dollars. Speaking about the real fund results, this Corporate Investor is 47 percentage points more often commits exit comparing to other organizations. The fund is generally included in less than 2 deals every year.

The current fund was established by Asanga Gunaratne.

Among the various public portfolio startups of the fund, we may underline Jam City, Clearinghouse CDFI, Self-Help Federal Credit Union For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has specific favorite in a number of founders of portfolio startups. Among the most successful fund investment fields, there are Environmental Consulting, Financial Services. Moreover, a startup needs to be at the age of 11-15 years to get the investment from the fund.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the CIT Bank, startups are often financed by Austin Ventures, Shamrock Capital Advisors, Netmarble. The meaningful sponsors for the fund in investment in the same round are Wells Fargo Capital Finance, TD Securities, SunTrust Bank. In the next rounds fund is usually obtained by Wells Fargo Securities, Regions Financial Corporation, Partners Bank of California.